HomeMy WebLinkAboutT6865-1 16-160 Perf Bond Release LtrPUBLIC WORKS DEPARTMENT
NICK FIDLER - DIRECTOR - CITY ENGINEER
March 30, 2017
Gateway Housing, LLC
5301 Office Park Drive, Suite 115
Bakersfield, California 93309
Re: Security Release for Tract 6865 Phase 1
Improvement Agreement No. 16 -160
Philadelphia Indemnity Insurance Company
Performance Bond No. PB02762300120 ($1,854,679.00)
To Whom It May Concern:
All improvements for the above - referenced Tract Map have been completed and a
NOTICE OF COMPLETION AND ACCEPTANCE OF WORK was filed on March 20, 2017 by the
City of Bakersfield. This letter is your authorization to release ONLY the Performance Bond
No. PB02762300120. The original Performance Bond is attached.
The Developer will maintain the Labor and Material Bond No. PB02762300120
($1,349,227.00) from Philadelphia Indemnity Insurance Company and the Maintenance
Bond No. PB02762300120 -A ($269,845.56.00) from Philadelphia Indemnity Insurance
Company. The maintenance bond is required to guarantee all features of the
improvements for a minimum of one year from the date of recordation of the NOTICE OF
COMPLETION AND ACCEPTANCE OF WORK.
You are to maintain your policies of insurance for the duration of the warranty period.
Please submit to the City an updated copy of your Certificate of Insurance. Should you
have any questions regarding the above, please contact Michelle Mendenhall at (661)
326 -3582.
Very Truly Yours,
Nick Fidler
City Engineer
By:
Daniel Padilla
Civil Engineer IV - Subdivisions
XC: Reading file, Project file
S: /LANDDIVISION /REDUCE 8tRELEASE /2017176865 -1 16 -160 PERF BOND RELEASE
1600 Truxtun Avenue
Bakersfield - California - 93301
(661)326-3724
Fax (661) 852 -2120
www.bakcrsfieldcity.us
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PUBLIC WORKS DEPARTMENT
NICK FIDLER - DIRECTOR - CITY ENGINEER
March 30, 2017
Gateway Housing, LLC
5301 Office Park Drive, Suite 115
Bakersfield, California 93309
Re: Security Release for Tract 6865 Phase 1
Improvement Agreement No. 16 -160
Philadelphia Indemnity Insurance Company
Performance Bond No. PB02762300120 ($1,854,679.00)
To Whom It May Concern:
All improvements for the above - referenced Tract Map have been completed and a
NOTICE OF COMPLETION AND ACCEPTANCE OF WORK was filed on March 20, 2017 by the
City of Bakersfield. This letter is your authorization to release ONLY the Performance Bond
No. PB02762300120. The original Performance Bond is attached.
The Developer will maintain the Labor and Material Bond No. PB02762300120
($1,349,227.00) from Philadelphia Indemnity Insurance Company and the Maintenance
Bond No. PB02762300120 -A ($269,845.56.00) from Philadelphia Indemnity Insurance
Company. The maintenance bond is required to guarantee all features of the
improvements for a minimum of one year from the date of recordation of the NOTICE OF
COMPLETION AND ACCEPTANCE OF WORK.
You are to maintain your policies of insurance for the duration of the warranty period.
Please submit to the City an updated copy of your Certificate of Insurance. Should you
have any questions regarding the above, please contact Michelle Mendenhall at (661)
326 -3582.
Very Truly Yours,
Nick Fidler
City Engineer
By:
Daniel Padilla
Civil Engineer IV - Subdivisions
XC: Reading file, Project file
S: /LANDDIVISION /REDUCE 8tRELEASE /2017176865 -1 16 -160 PERF BOND RELEASE
1600 Truxtun Avenue
Bakersfield - California - 93301
(661)326-3724
Fax (661) 852 -2120
www.bakcrsfieldcity.us
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